GHP Slide Deck

UNSM AND ONE NS

DATE: MAY 23TH, 2014

Fred Morley,

Executive VP & Chief Economist

Greater Halifax Partnership

THE IVANY REPORT

THREE BASIC MESSAGES

There is a crisis

We are not doomed

Biggest barrier is the lack of a shared commitment to economic development

NET MIGRATION FROM REST OF NS

-500

0

500

1000

1500

2000

2500

3000

3500

4000To Halifax To Other Provinces

hi

CONTESTED IDEAS

Public vs. private roles in the economy

Roles of the business communityif we need to have more business they need to be home grown, small and slow growingnot come from away or successful

Use of our natural resources

Urban vs. rural

Zero sum

RECOMMENDATION 18: REFORM OF

MUNICIPAL GOVERNMENT

Greater services efficiency

Fairness of current distribution of service responsibilities

Greater role for communities in economic development

Streamlining services to business

Reduction in regulatory burden

Alignment of tax policy with growth objectives

RESTRUCTURE???

Population Growth

More High Wage Jobs

Incremental Municipal Tax From Growth

THREE BIG OBJECTIVES

ECONOMIC DEVELOPMENT APPROACHES

GREATER ROLE IN ECONOMIC

DEVELOPMENT FOR MUNICIPALITIES

Export Promotion

Economic Growth

Brand & Marketing

Attractive Business Climate

Finance &

Incentives

Strategic Infrastructure

Community & Business Partnership

Business Retention and

Expansion

Investment Attraction

Skilled and Educated

Labor Force

Progressive & Positive Attitude

CLIENT SERVICEA GOOD BUSINESS

CLIMATE

STARTING A RESTAURANT

TALENT INITIATIVES

OLD BOYS NETWORK

HOW DOES CONNECTOR WORK

Match

Connect

Refer

RESULTS OVER THE LAST 3 YEARS

641 connectors

1022 connectees

447 jobs

NATIONAL CONNECTOR PROGRAM:

NEW PROSPECTS

Edmonton, AB

Yellowknife City, NW

Scarborough, ON

St. John's

Montreal, QC CRE

Toronto, ON

Winnipeg, MB

Saskatoon, SK

Province of British Columbia

Technologists Industry Program

BUSINESS RETENTION & EXPANSION (BRE)

What?

Working with existing business

Why?

To work with employers to overcome challenges and take advantage of opportunity

Deal with systemic issues

Most jobs from existing business

How?

Face to face meetings with CEOs.

Real-time problem solving.

Analysis

Constant business climate improvement.

BUSINESS RETENTION & EXPANSION (BRE)

BUSINESS CLIMATE INDIVIDUAL RATINGS

0% 50% 100%

Workforce quality

Workforce availability

Municipal government regulation

Provincial government regulation

Federal government regulation

Municipal tax structure

Provincial tax structure

Federal tax structure

Workers compensation rates

Recreational/Cultural amenities

Housing

P-12 education

Universities

Community college

Economic development organizations

Provincial highway systems/conditions

Air access

Port facilities

Rail services

Shipping and transport

Utility/Electricity

Phone/Cell phone

Internet/Broadband

Share of Respondents

Poor Fair Good Excellent

MUNICIPAL SERVICES

Public water

Public sewer

Municipal bylaw enforcement

Building inspection/permitting

Zoning/Land use

Local road network/condition

Police protection

Public transportation

-100.0% -50.0% 0.0% 50.0% 100.0%

Index of Performance

INNOVATION STRUCTURES

Labour market programs

Business climate improvement

BRE

Incubators

Accelerators

Mentoring

Financing Tools

Innovation Engineering

Economic Gardening

REALLY BIG QUESTION

Any community can adopt a range of innovation structures..

What makes some communities successful and some not?

ATTITUDES

INNOVATION CULTURE

Single goal

Collaboration

Region over company

Risk taking

Relationships

Trust

Leadership

Partnerships

Can do attitude

ACTIVIST PESSIMISM

ACTIVIST PESSIMISM LEADS TO THIS

ZERO SUM THINKING

0

0.5

1

1.5

2

2.5

0 0.5 1 1.5 2 2.5

Y-Values

without growth there must

be one winner and one

loser, for every gain there is

a loss."

Zero sum frontier

ZERO SUM VS. GROWTH THINKING

0

0.5

1

1.5

2

2.5

0 0.5 1 1.5 2 2.5

Y-Values

Economic Growth

@

THE POWER OF ONE

How we implement the Ivany Report

#HFXPLEDGE

Pledge A commitment on how to act and behave in an ecosystem

#myHFXpledge I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.

- Rules of the Innovation Ecosystem

1. Be bold

2. Extend trust and be trusted

3. Challenge active pessimism

4. Experiment and iterate together

5. Be a champion

6. Celebrate success

#HFXPLEDGE

Pledge A commitment on how to act and behave in an ecosystem

#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.

Rules of the Innovation Ecosystem

1. Be bold

2. Extend trust and be trusted

3. Challenge active pessimism

4. Experiment and iterate together

5. Be a champion

6. Celebrate success

#HFXPLEDGE

Pledge A commitment on how to act and behave in an ecosystem

#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.

Rules of the Innovation Ecosystem

1. Be bold

2. Extend trust and be trusted

3. Challenge active pessimism

4. Experiment and iterate together

5. Be a champion

6. Celebrate success

#HFXPLEDGE

Pledge A commitment on how to act and behave in an ecosystem

#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.

Rules of the Innovation Ecosystem

1. Be bold

2. Extend trust and be trusted

3. Challenge active pessimism

4. Experiment and iterate together

5. Be a champion

6. Celebrate success

#HFXPLEDGE

Pledge A commitment on how to act and behave in an ecosystem

#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.

Rules of the Innovation Ecosystem

1. Be bold

2. Extend trust and be trusted

3. Challenge active pessimism

4. Experiment and iterate together

5. Be a champion

6. Celebrate success

#HFXPLEDGE

Pledge A commitment on how to act and behave in an ecosystem

#myHFXpledge - I am joining a unified community of people who share a common goal of social and economic prosperity and a belief in a collaborative and innovative culture. I am open to meeting anyone in this community. I will dream, listen, experiment, and persist.

Rules of the Innovation Ecosystem

1. Be bold

2. Extend trust and be trusted

3. Challenge active pessimism

4. Experiment and iterate together

5. Be a champion

6. Celebrate success